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previous years' financial and nonfinancial data. Section IV contains the single audit schedules and reports. The City's financial statements incl>>de all funds, account groups, departments, agencies, boards, �ommissions, and other organizations over which City offici-vis exercise oversight responsibility. Oversight responsibility includes such aspects as appointment oL governing body members, budget apgroval of property tax levies, outstanding debt secured by City full faith and credit or reve- nues, responsibility for funding deficits, and others. As a result of applying the criteria of NCGA Statement 3, tne Fire Relief Association and Independent School Districts #621 and #623 have been excluded from the City's Financial statements. Economic Condition and Qutlook Summary of Local Economv The Metropolitan area continued to be economically strong in 1989 despite the general decline o£ the major area compucer manufac- turers, with unemployment at approximately 3.7$ as compared to the U.S. average of 5.3�. Roseville, as part of suburban Ramsey County had an unemployment rate of approximately 2.9�, illus- trating a significant stronger economy in our immediate trade and employment area. The most recent retail sales data indicates the City of Roseville is continuing to be one of the major retailing centers of the Metropolitan area. Retail sales within Roseville have increased 21� in 1988 and the higher level of such sales are expected to continue on into 1989. The rate of growth was due pr�marily to higher automobile and home furnishings sales. Because of Rose- ville's development as a major retail center, we would expect a continuing higher level of growth than that of the State as a whole. Major Industries The softening of the computer market was fel�-by Roseville in 1989 as the City's two major employers, Unisys Corporation and NCR Comten had a substantial drop in total employment numbers. Total employment of those two organizations dropped from approxi- mately 8,000 to 5,000 in 1989. The commercial, retail and insur- ance sectors continued to grow substantially in line with the expansion of those markets. Future Economic Outlook The �Ietropolitan Council has estimated that Roseville will have 45,000 jobs by 2000. While the achievement of that goal is subject to general market conditions, Roseville's redevelopment and economic program appears to place the City in an excellent L